Correlation
The correlation between RYCKX and SPY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
RYCKX vs. SPY
Compare and contrast key facts about Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) and SPDR S&P 500 ETF (SPY).
RYCKX is managed by Rydex Funds. It was launched on Feb 20, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYCKX or SPY.
Performance
RYCKX vs. SPY - Performance Comparison
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Key characteristics
RYCKX:
-0.13
SPY:
0.70
RYCKX:
0.04
SPY:
1.02
RYCKX:
1.01
SPY:
1.15
RYCKX:
-0.14
SPY:
0.68
RYCKX:
-0.30
SPY:
2.57
RYCKX:
17.51%
SPY:
4.93%
RYCKX:
35.95%
SPY:
20.42%
RYCKX:
-52.60%
SPY:
-55.19%
RYCKX:
-24.01%
SPY:
-3.55%
Returns By Period
In the year-to-date period, RYCKX achieves a -2.29% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, RYCKX has underperformed SPY with an annualized return of 4.42%, while SPY has yielded a comparatively higher 12.73% annualized return.
RYCKX
-2.29%
6.47%
-10.98%
-5.25%
6.92%
8.57%
4.42%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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RYCKX vs. SPY - Expense Ratio Comparison
RYCKX has a 2.26% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RYCKX vs. SPY — Risk-Adjusted Performance Rank
RYCKX
SPY
RYCKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
RYCKX vs. SPY - Dividend Comparison
RYCKX's dividend yield for the trailing twelve months is around 21.41%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 21.41% | 20.92% | 0.00% | 14.34% | 13.66% | 1.29% | 0.00% | 18.93% | 7.60% | 1.72% | 5.90% | 18.76% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RYCKX vs. SPY - Drawdown Comparison
The maximum RYCKX drawdown since its inception was -52.60%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RYCKX and SPY.
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Volatility
RYCKX vs. SPY - Volatility Comparison
Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) has a higher volatility of 5.79% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that RYCKX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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